Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, please be informed that the BOD has, in its meeting held today i.e., July 14, 2023, inter-alia, considered and approved the following: i.Re-classification of the existing authorized share capital of the Company; ii.Issuance of upto 2,73,15,264, 10.75% Cumulative Redeemable Non-Convertible Preference shares of Rs.10/-each at par aggregating to Rs.27,31,52,640/- on private placement basis for the purpose of redemption of existing Cumulative Redeemable Non-Convertible Preference shares alongwith accumulated/ unpaid dividend thereon (subject to deduction of withholding tax) in terms of Section 55(3) of the Companies Act, 2013 subject to approval of equity shareholders, NCLT and other authorities, as may be required. The disclosure required to be given pursuant to SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is enclosed as Anx-A. Time of Commencement:8:15 PM Time of conclusion:8:30 PM